KB Home (NYSE:KBH) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

KB Home (NYSE:KBH) issued its quarterly earnings results on Tuesday. The construction company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.02), Briefing.com reports. KB Home had a return on equity of 15.66% and a net margin of 9.43%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the firm earned $1.80 EPS. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year.

KB Home Stock Performance

KBH stock traded up $1.41 during mid-day trading on Thursday, hitting $84.16. 290,110 shares of the company were exchanged, compared to its average volume of 1,259,183. KB Home has a 1-year low of $42.11 and a 1-year high of $89.70. The firm’s 50 day simple moving average is $82.37 and its 200 day simple moving average is $73.43. The firm has a market cap of $6.33 billion, a P/E ratio of 10.95, a P/E/G ratio of 0.89 and a beta of 1.81.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.19%. KB Home’s payout ratio is 13.23%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KBH. Wedbush raised their price objective on shares of KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday. Royal Bank of Canada lowered KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target on the stock. in a research report on Thursday, September 5th. Keefe, Bruyette & Woods upped their price objective on KB Home from $74.00 to $77.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. Evercore ISI increased their target price on KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, Bank of America boosted their target price on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, KB Home has a consensus rating of “Hold” and an average target price of $77.27.

KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.